(a) if no declaration under subsection (2) has been made
in relation to the listing—the third anniversary of the day
on which the listing took effect; or

(b) otherwise—the third anniversary of the making of
the most recent declaration under subsection (2) in relation
to the listing.

(2) The Minister may declare, in writing, that a specified
listing under section 15 continues to have effect.

(3) The Minister must not:

(a) make a declaration under subsection (2) specifying
the listing of a person or entity unless the Minister is satisfied
on reasonable grounds of the matters prescribed for the purposes of
subsection 15(2); or

(b) make a declaration under subsection (2) specifying
the listing of an asset, or class of asset, unless the Minister is
satisfied on reasonable grounds of the matters prescribed for the
purposes of subsection 15(4).

(4) The regulations may prescribe a form for a declaration
under subsection (2).

(5) A declaration made under subsection (2) is not a
legislative instrument.

(6) To avoid doubt, subsection (1) does not
prevent:

(a) the revocation, under section 16, of a listing;
or

(b) the revocation of a listing by operation of
section 19; or

(c) the making of a new listing that is the same in substance
as another listing (whether the new listing is made or takes effect
before or after the other listing ceases to have effect because of
subsection (1)).

3 Before paragraph 19(3)(a)

Insert:

(aa) a listing ceasing
to have effect under section 15A; or

4 Transitional—listings under
section 15 of the Charter of the
United Nations Act 1945

A listing that was made under subsection 15(1) or
(3) of the Charter of the United
Nations Act 1945 and that was
in force immediately before the commencement of this item has
effect, after that commencement, as if:

(a) it had been made under
that subsection as amended by this Act; and

(b) for the purposes only of section 15A of that Act, it
had been made immediately after that commencement.